JMP Securities Maintains Market Outperform on Reddit, Raises Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Andrew Boone has maintained a Market Outperform rating on Reddit (NYSE:RDDT) and increased the price target from $53 to $63.
May 08, 2024 | 6:11 pm
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Reddit's price target was raised from $53 to $63 by JMP Securities, maintaining a Market Outperform rating.
The increase in price target by a reputable analyst like Andrew Boone suggests a strong bullish outlook on Reddit's stock. This endorsement is likely to positively influence investor sentiment and could lead to a short-term increase in RDDT's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100